Ankr is a blockchain infrastructure that was developed in 2017 to create an easily accessible platform for the development of the decentralized internet, otherwise known as Web3. the cross-chain protocol with a DeFi platform enables token staking and DApp development and hosts various related projects.
This article will look closer at the Ankr protocol to understand what it is and how it works. We shall also explore its native ANKR token, predict its price going into 2030, and list exchanges where it can be traded, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is Ankr (ANKR)?
Ankr is a blockchain-based cross-chain infrastructure that was designed and developed based on the vision of building a new internet that is structured around distributed ledger technology. The protocol aids with the development of applications, networks, and systems that are decentralized, private, and secure for users.
The main goal of the project is to remove the need for a centralized authority, giving complete ownership and control over data and applications to users and other network participants.
Ankr provides developers with the tools they need to design decentralized cloud computing servers, node operation systems, and liquid staking protocols. Without projects like Ankr, many of the popular DeFi applications like AAVE or 1Inch would not even exist.
How Does Ankr Work?
To achieve its goal of creating and developing the next generation of the internet, Ankr needs to gain decentralization of applications and staking nodes while supporting the Web3 infrastructure.
For this, the protocol uses computing power supported by distributed ledger technology (DLT) to collect data resources that are deployed to stakers and developers through data centers, at a low cost. This allows those network participants to easily create and deploy DApps and stake their cryptocurrencies.
Staking on Ankr is supported by its staking platform, known as Stkr. This protocol enables investors to stake Ether (ETH) in exchange for aETH, which is a staking token pegged to the value of Ethereum and can be exchanged for ETH or other cryptocurrencies, or re-staked on Stkr.
Ankr also offers a decentralized node infrastructure service, which supports the development of DeFi platforms, NFT projects, blockchain games, and other DApps.
What is the ANKR Token?
ANKR is the native utility and governance token of the Ankr protocol. The ERC-20 standard cryptocurrency has multiple utilities on the blockchain, such as using it for transactions, paying network fees, accessing applications, staking, and even voting on governance proposals.
ANKR holders gain automatic access to the decentralized autonomous organization (DAO) that makes key decisions for the blockchain. They can stake their tokens to vote on important proposals concerning the protocol’s future direction.
ANKR has a total supply of 10 billion tokens with a market capitalization of $269.23 million. All of the tokens issued on the blockchain are currently in circulation and have attained a trading volume of $8.93 million over the past 24 hours.
Ankr (ANKR) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
When writing, ANKR is trading at $0.02694 – down nearly 2% in the last 24 hours. Based on its current market value, we have projected the minimum, average, and maximum prices at which ANKR will trade going into 2030.
Note that the numbers given below are purely speculative and could change depending on the market performance of ANKR.
YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
---|---|---|---|
2024 | $0.1676 | $0.2850 | $0.4024 |
2025 | $0.3085 | $0.4835 | $0.6706 |
2026 | $0.4694 | $0.5365 | $0.6035 |
2027 | $0.2146 | $0.3219 | $0.4292 |
2028 | $0.2951 | $0.4158 | $0.5365 |
2029 | $0.5296 | $0.8593 | $1.21 |
2030 | $1.07 | $1.27 | $1.48 |
Where To Buy ANKR Tokens From?
ANKR can be purchased and traded on the following cryptocurrency exchanges:
- Binance
- Coinbase
- Bybit
- Upbit
- Kraken
- Gate.io
- HTX
- KuCoin
- MEXC
Is Ankr (ANKR) A Credible Cryptocurrency Investment?
Ankr is a decentralized Web3 infrastructure provider that gives blockchain developers the tools to create decentralized applications. The protocol offers a suite of Web3 development kits, data centers, and computing resources, making it easier for users and participants to access multiple blockchains through a single, decentralized platform.
Taking a look at the price performance of the ANKR token, it is clear that the cryptocurrency is showing positive momentum going into 2030. All things considered, I would recommend Ankr as a credible cryptocurrency investment due to the value it provides to the development of the decentralized internet.
As is the case with every cryptocurrency, ANKR is also prone to the extreme price dynamics of the market. Therefore, you must conduct thorough research and understand its benefits and risks before making any investment decision related to Ankr.
Read more: Cortex (CTXC) Price Prediction 2024, 2025 – 2030; Where To Buy? Is It A Credible Investment?